Gayatri Projects touches the roof on the BSE

Gayatri Projects is currently trading at its upper circuit limit of Rs. 145.10, up by 6.90 points or 4.99 % from its previous closing of Rs. 138.20 on the BSE. The scrip opened at Rs. 144.95 and has touched a high and low of Rs. 145.10 and Rs. 140.15 respectively. So far 18596 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 145.10 on 04-Jun-2014 and a 52 week low of Rs. 47.50 on 21-Aug-2013. Last one week high and low of the scrip stood at Rs. 145.10 and Rs. 111.00 respectively. The current market cap of the company is Rs. 438.59 crore. The promoters holding in the company stood at 50.32% while Institutions and Non-Institutions held 33.99% and 15.69% respectively. Gayatri Projects’ road SPV HKR Roadways has received a Provisional Completion Certificate from the Independent Consultant, as stipulated under the Concession Agreement, on May 30, 2014. Accordingly, the Road SPV Company (HKR Roadways) has commenced collecting Toll from the public from June 01, 2014 onwards. Gayatri Projects, an ISO 9001-2000 company, is one of the fastest growing construction companies in India executing major civil works including construction of concrete/masonry dams, earthen dams, national highways, bridges, canals, aqueducts, airports, ports, etc.